VMware (VMW) Stock Price

VMware Price

🇺🇸NYSE·CLOSED
142.48USD
Market closed
Today +/-
Today %

VMware (VMW) Stock | ISIN US9285634021 | WKN A0MYC8. The current VMware stock price is 142.48 USD (2026). Revenue is 15.77 B USD. Net income is 3.57 B USD. The P/E ratio is 17. Market capitalization is 60.68 B USD. VMware operates in the Information technology sector.

VMware stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of VMware over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how VMware stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing VMware's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

VMware Stock Price History
DateVMware Price
Access this data via the Eulerpool API

VMware Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
387 M USD
94 M USD
67 M USD
Jan 1, 2006
704 M USD
125 M USD
86 M USD
Jan 1, 2007
1.33 B USD
235 M USD
218 M USD
Jan 1, 2008
1.88 B USD
313 M USD
290 M USD
Jan 1, 2009
2.02 B USD
221 M USD
197 M USD
Jan 1, 2010
2.86 B USD
431 M USD
357 M USD
Jan 1, 2011
3.77 B USD
737 M USD
724 M USD
Jan 1, 2012
4.61 B USD
872 M USD
746 M USD
Jan 1, 2013
5.21 B USD
1.16 B USD
1.01 B USD
Jan 1, 2014
6.04 B USD
1.04 B USD
886 M USD
Jan 1, 2015
6.65 B USD
1.3 B USD
997 M USD
Jan 1, 2017
512 M USD
-42 M USD
-5 M USD
Jan 1, 2018
7.86 B USD
1.81 B USD
659 M USD
Jan 1, 2019
9.61 B USD
1.81 B USD
1.65 B USD
Jan 1, 2020
10.81 B USD
1.52 B USD
6.41 B USD

VMware Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 12, 2026, 12:56 PM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
20232024e2025e2026e2026e2027e2028e2029e
13.3514.0214.915.7715.7718.9920.7122.42
3.885.026.275.8620.399.048.29
81.4177.5272.9468.9168.9157.2452.4948.47
10.8710.8710.8710.8710.8710.8710.8710.87
1.313.053.493.573.573.253.96.01
-27.8132.1914.292.32-8.8819.9954.14
425.86425.86425.86425.86425.86425.86425.86425.86
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales VMware generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue VMware retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare VMware's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares VMware has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against VMware's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

VMware stock margins

The VMware margin analysis displays the gross margin, EBIT margin, as well as the profit margin of VMware. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for VMware.
  • 3 Years

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
83.2 %
24.29 %
17.31 %
Jan 1, 2006
82.53 %
17.76 %
12.22 %
Jan 1, 2007
83.48 %
17.72 %
16.44 %
Jan 1, 2008
83.84 %
16.64 %
15.42 %
Jan 1, 2009
82.21 %
10.92 %
9.73 %
Jan 1, 2010
82.74 %
15.09 %
12.5 %
Jan 1, 2011
83.49 %
19.56 %
19.22 %
Jan 1, 2012
79.78 %
18.94 %
16.2 %
Jan 1, 2013
81.62 %
22.18 %
19.47 %
Jan 1, 2014
84.81 %
17.28 %
14.68 %
Jan 1, 2015
84.68 %
19.5 %
15 %
Jan 1, 2017
81.84 %
-8.2 %
-0.98 %
Jan 1, 2018
85.49 %
22.97 %
8.38 %
Jan 1, 2019
83.86 %
18.85 %
17.16 %
Jan 1, 2020
83.36 %
14.06 %
59.31 %

VMware Stock Revenue, EBIT, Earnings per Share

The VMware earnings per share therefore indicates how much revenue VMware has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
1.16 USD
0.28 USD
0.2 USD
Jan 1, 2006
2.11 USD
0.38 USD
0.26 USD
Jan 1, 2007
3.69 USD
0.65 USD
0.61 USD
Jan 1, 2008
4.74 USD
0.79 USD
0.73 USD
Jan 1, 2009
5.06 USD
0.55 USD
0.49 USD
Jan 1, 2010
6.75 USD
1.02 USD
0.84 USD
Jan 1, 2011
8.72 USD
1.71 USD
1.68 USD
Jan 1, 2012
10.61 USD
2.01 USD
1.72 USD
Jan 1, 2013
12.03 USD
2.67 USD
2.34 USD
Jan 1, 2014
13.87 USD
2.4 USD
2.04 USD
Jan 1, 2015
15.57 USD
3.04 USD
2.33 USD
Jan 1, 2017
1.25 USD
-0.1 USD
-0.01 USD
Jan 1, 2018
19.04 USD
4.37 USD
1.6 USD
Jan 1, 2019
22.83 USD
4.3 USD
3.92 USD
Jan 1, 2020
25.44 USD
3.58 USD
15.09 USD

VMware business model & stock analysis

VMware Inc is an American software company founded in 1998. It is headquartered in Palo Alto, California and has become one of the largest and most successful IT companies worldwide. VMware is primarily known for its virtualization technology and offers numerous products and services in this area. The history of VMware begins with its founding by Diane Greene, Mendel Rosenblum, and other co-founders. Originally, the company was intended to provide virtualization solutions for desktop computers. However, it quickly became clear that VMware should focus on the server market, where virtualization was seen as an efficient way to consolidate server resources and save costs. VMware's business model is based on offering companies a comprehensive virtualization solution that allows them to flexibly design and efficiently utilize their IT infrastructure. To this end, the company offers a wide range of products and services, including management tools, automation software, cloud solutions, and much more. VMware's biggest success is undoubtedly the virtualization software vSphere, which allows companies to virtualize their server infrastructure and make it more cost-effective and flexible. Today, VMware vSphere is the leading virtualization platform in the market and is used by companies of all sizes. In addition, VMware also offers a range of other virtualization products and services, including VMware Workstation and Fusion, which are virtualization solutions for desktop computers; VMware Horizon, a virtual desktop infrastructure product that allows companies to configure and operate their desktop environments in a virtual environment; and VMware NSX, a network virtualization solution that allows companies to make their networks more efficient and secure. In recent years, VMware has also increasingly focused on cloud computing solutions. Here, the company offers a wide range of services that enable companies to migrate their IT infrastructure to a cloud environment and operate it more cost-effectively and flexibly. Additionally, VMware also offers solutions for software-defined storage and integration and automation tools. All of these products and services have contributed to VMware being considered one of the fastest-growing companies in the IT industry. Another significant success of VMware is its collaboration with partners such as Dell, AWS, or Microsoft. This allows them to expand into additional customer areas and broaden their own offerings. VMware has often acted as a pioneer in many technologies of other providers. For example, the agreement with AWS led to the development of the VMware Cloud on AWS product bundle, which provides companies with an easy way to migrate their existing infrastructures to Amazon's cloud. VMware has now become a global leader in virtualization solutions, respected by large and mid-sized companies alike. VMware is known for its innovative products and solutions and will undoubtedly play an important role in the IT industry in the future.

VMware SWOT Analysis

Strengths

1. Established brand image in the virtualization and cloud computing industry.

2. Extensive product portfolio with a wide range of virtualization solutions.

3. Strong customer base including large enterprises, government organizations, and small businesses.

4. Strategic partnerships with leading technology companies that enhance their product offerings.

Weaknesses

1. High dependence on software licensing and maintenance revenues, which may be impacted by market conditions.

2. Limited geographical presence compared to some competitors.

3. Relatively high cost of implementation and maintenance for some of their advanced products.

4. Vulnerable to cybersecurity threats due to the sensitive nature of their virtualization technologies.

Opportunities

1. Growing demand for cloud computing services presents an opportunity for VMware to expand its customer base.

2. Increasing adoption of virtualization technologies in emerging markets.

3. Potential for expansion into related markets such as cybersecurity and hybrid cloud solutions.

4. Rising trend of remote work and virtual collaboration can increase the need for VMware's virtualization solutions.

Threats

1. Intense competition from established players like Microsoft and open-source solutions.

2. Rapid technological advancements may lead to the emergence of disruptive technologies.

3. Economic downturns or budget constraints of potential customers impacting IT spending.

4. Compliance with changing data protection and privacy regulations.

VMware Segments

VMware Revenue by Segment (1/5)

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  • Max

Services
Subscription and SaaS
License
Unearned license revenue
Details
Date
Services
Subscription and SaaS
License
Unearned license revenue
Jan 1, 2019
981 M USD
0 USD
0 USD
1.23 B USD
Jan 1, 2020
5.75 B USD
1.88 B USD
3.18 B USD
0 USD
Jan 1, 2021
6.15 B USD
2.59 B USD
3.03 B USD
0 USD
Jan 1, 2022
6.52 B USD
3.21 B USD
3.13 B USD
0 USD
Jan 1, 2023
6.5 B USD
4.01 B USD
2.84 B USD
0 USD

VMware Revenue by Segment (2/5)

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  • 5 Years

  • Max

Unearned professional services revenue
Professional services
Details
Date
Unearned professional services revenue
Professional services
Jan 1, 2019
0 USD
680 M USD
Jan 1, 2020
0 USD
999 M USD
Jan 1, 2021
1.04 B USD
0 USD
Jan 1, 2022
1.16 B USD
0 USD
Jan 1, 2023
1.22 B USD
0 USD

VMware Revenue by Segment (3/5)

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  • 5 Years

  • Max

Total license and subscription and SaaS
Details
Date
Total license and subscription and SaaS
Jan 1, 2019
0 USD
Jan 1, 2020
0 USD
Jan 1, 2021
5.62 B USD
Jan 1, 2022
6.33 B USD
Jan 1, 2023
6.85 B USD

VMware Revenue by Segment (4/5)

  • 3 Years

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  • Max

Total license and subscription and SaaS
Details
Date
Total license and subscription and SaaS
Jan 1, 2019
0 USD
Jan 1, 2020
5.06 B USD
Jan 1, 2021
0 USD
Jan 1, 2022
0 USD
Jan 1, 2023
0 USD

VMware Revenue by Segment (5/5)

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  • Max

Hybrid Cloud Computing And SaaS
Details
Date
Hybrid Cloud Computing And SaaS
Jan 1, 2019
922 M USD
Jan 1, 2020
0 USD
Jan 1, 2021
0 USD
Jan 1, 2022
0 USD
Jan 1, 2023
0 USD

VMware Revenue by Region

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  • Max

International
United States
Details
Date
International
United States
Jan 1, 2014
3.12 B USD
2.91 B USD
Jan 1, 2015
3.26 B USD
3.31 B USD
Jan 1, 2016
3.51 B USD
3.59 B USD
Jan 1, 2018
4.01 B USD
3.91 B USD
Jan 1, 2019
4.77 B USD
4.21 B USD
Jan 1, 2020
5.41 B USD
5.41 B USD
Jan 1, 2021
5.89 B USD
5.88 B USD
Jan 1, 2022
6.62 B USD
6.23 B USD
Jan 1, 2023
6.82 B USD
6.53 B USD

VMware Eulerpool Fair Value

VMware historical P/E ratio, EBIT multiple, and P/S ratio

VMware annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

VMware shares outstanding

The number of shares was VMware in 2025 — This indicates how many shares 425.86 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
333 M base_Shares
Jan 1, 2006
333 M base_Shares
Jan 1, 2007
359 M base_Shares
Jan 1, 2008
397 M base_Shares
Jan 1, 2009
400 M base_Shares
Jan 1, 2010
423 M base_Shares
Jan 1, 2011
432 M base_Shares
Jan 1, 2012
434 M base_Shares
Jan 1, 2013
433 M base_Shares
Jan 1, 2014
435 M base_Shares
Jan 1, 2015
427 M base_Shares
Jan 1, 2017
409 M base_Shares
Jan 1, 2018
413 M base_Shares
Jan 1, 2019
421 M base_Shares
Jan 1, 2020
425 M base_Shares

VMware Dividend History

2 years of dividend payments

YearAnnual DividendYoY ChangePayments
202127.4USD 2.2%
201826.81USD

VMware dividend history and estimates

In 2025, VMware paid a dividend amounting to 71.13 USD. Dividend means that VMware distributes a portion of its profits to its owners.
  • Max

Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Invalid Date
0 USD
26.81 USD
Invalid Date
0 USD
27.4 USD
Invalid Date
0 USD
56.78 USD
Invalid Date
0 USD
71.13 USD
Invalid Date
0 USD
70.85 USD

VMware dividend payout ratio

In 2025, VMware had a payout ratio of 868.63%. The payout ratio indicates the percentage of the company's profits that VMware distributes as dividends.
  • 3 Years

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  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
1,124.97 %
Jan 1, 2006
1,124.97 %
Jan 1, 2007
1,124.97 %
Jan 1, 2008
1,124.97 %
Jan 1, 2009
1,124.97 %
Jan 1, 2010
1,124.97 %
Jan 1, 2011
1,124.97 %
Jan 1, 2012
1,124.97 %
Jan 1, 2013
1,124.97 %
Jan 1, 2014
1,124.97 %
Jan 1, 2015
1,124.97 %
Jan 1, 2017
1,124.97 %
Jan 1, 2018
1,686.16 %
Jan 1, 2019
1,124.97 %
Jan 1, 2020
1,124.97 %
Price targets and forecasts for VMware are not yet available.

VMware Earnings Estimates

VMware Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/30/20241.83USD3.5 BUSD2025 Q1
2/29/20242.16USD3.83 BUSD2024 Q4
11/20/20231.71USD3.52 BUSD2024 Q3
8/23/20231.82USD3.61 BUSD2024 Q2
5/24/20231.57USD3.39 BUSD2024 Q1
3/2/20231.97USD3.78 BUSD2023 Q4
11/29/20221.59USD3.4 BUSD2023 Q3
8/25/20221.59USD3.35 BUSD2023 Q2
5/26/20221.58USD3.23 BUSD2023 Q1
2/24/20221.99USD3.58 BUSD2022 Q4

EESG©

Eulerpool ESG Scorecard© for the VMware stock

77/100
99
Environment
99
Social
34
Governance
E

Environment

20
Scope 1 - Direct Emissions2,685
Scope 2 - Indirect emissions from purchased energy65,859
Scope 3 - Indirect emissions within the value chain373,464
Total CO₂ emissions68,544
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees29.2
Percentage of women in management
Percentage of Asian employees32
Share of Asian management28.2
Percentage of Hispanic/Latino employees7.1
Hispano/Latino Management share5.1
Percentage of Black employees4.4
Black Management Share2.2
Percentage of white employees53.9
White Management Share62.1
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

VMware shareholder structure

% Name
36.39829%
Dell (Michael S)
Dell (Michael S)
9.87433%
Silver Lake Partners
Silver Lake Partners
6.12094%
Dodge & Cox
Dodge & Cox
3.58942%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.84034%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
2.39409%
Swedbank Robur Fonder AB
Swedbank Robur Fonder AB
1.25167%
State Street Global Advisors (US)
State Street Global Advisors (US)
1.10581%
Barclays Bank PLC
Barclays Bank PLC
1.07391%
Temasek Holdings Pte. Ltd.
Temasek Holdings Pte. Ltd.
0.71942%
DWS Investment GmbH
DWS Investment GmbH
...

VMware Executives and Management Board

RR

Mr. Rangarajan Raghuram

(60)

Chief Executive Officer, Director · since 2012

Compensation13.21 M USD
SD

Mr. Sumit Dhawan

(48)

President

Compensation8.41 M USD
JB

Mr. Jean-Pierre Brulard

(64)

Executive Vice President - Worldwide Sales

Compensation5.88 M USD
AO

Ms. Amy Fliegelman Olli

(59)

Executive Vice President, General Counsel, Company Secretary

Compensation5.4 M USD
PS

Mr. Paul Sagan

(64)

Lead Independent Director

Compensation491,752 USD

Frequently asked questions about VMware

VMware Inc. operates under a software virtualization business model. This involves developing and providing solutions for virtualization and cloud infrastructure. VMware's business model centers around offering tools and software that enable organizations to virtualize their IT infrastructure, enhancing scalability, efficiency, and cost-effectiveness. By virtualizing data centers and enabling cloud-based services, VMware helps businesses optimize their operations, improve resource utilization, and streamline their IT processes. With a focus on virtualization software solutions and services, VMware Inc. aims to empower organizations to embrace digital transformation and accelerate their journey towards a more agile and responsive IT infrastructure.

All fundamentals and in-depth analysis of VMware

Our stock analysis for VMware Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of VMware Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.